Tag Archives: economic growth

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Shutdown Could Lead to Zero Percent Growth for the Quarter

0%

White House economic adviser Kevin Hassett said that the partial government shutdown “could suffocate the economy this quarter if it persists, leading to zero percent growth,” Politico reports.

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Economy Growth Beats Forecast

3.5%

“The U.S. economy expanded at a 3.5 percent pace in the third quarter as consumers opened their wallets, businesses restocked inventories and governments boosted spending, marking the strongest back-to-back quarters of growth since 2014,” Bloomberg reports.

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Economy Achieves 3 Percent Growth Under Trump

3%

The U.S. economy grew at a brisk 3 percent pace in the April to June quarter, the Commerce Department said Wednesday — a report likely to be welcomed by President Trump, who has repeatedly vowed he can propel the country to faster growth, the Washington Post reports.

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Unemployment Drops to 4.6 Percent

4.6%

“U.S. employers hired at a steady clip in November while the unemployment rate fell to the lowest level in nine years, signs of enduring labor-market growth that will likely leave Federal Reserve officials on track to raise interest rates later this month,” the Wall Street Journal reports. “Nonfarm payrolls rose by a seasonally adjusted 178,000 in November from the prior month, the Labor Department said. The unemployment rate dropped to 4.6% from 4.9% in October as some people found jobs while others dropped out of the workforce. At 4.6%, the rate is the lowest since August 2007. Economists expected 180,000 new jobs and a jobless rate of 4.9% in November.”

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U.S. Economic Growth Accelerated Last Quarter

2.9%

“U.S. economic growth accelerated last quarter, easing fears of a near-term slowdown but doing little to change the trajectory of a long but weak expansion,” the Wall Street Journal reports. “Gross domestic product expanded at a 2.9% annual rate in the third quarter, the Commerce Department said. That was stronger growth than the second quarter’s pace of 1.4%. Economists surveyed by The Wall Street Journal expected growth at a 2.5% pace for the July-to-September period. Last quarter’s growth rate was the fastest recorded in two years.”